Features International Sugar Journal

Monthly Snapshot June [Full subscriber]

Market Overview Failing a massive supply shock, probably caused by the vagaries of inclement weather globally, it is safe to say, that bearish pressure on sugar price will remain. As the analyst at the Commonwealth Bank of Australia notes, “much of the action in sugar of late has been about positions. Investors, heavily short, had cut their position (as of 12th May) to the lowest level since July last year.  Seasoned observers regard that as a negative because it took a very large amount of buying [e.g. Wilmar buying 1.9 mln tonnes raw sugar on 1 May on ICE Futures…

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